Market Structure
Price was moving inside a clear ascending channel, respecting higher highs and higher lows.
A strong bullish impulse broke above the channel resistance, indicating liquidity grab and momentum expansion.
Now price is trading inside a major supply / resistance zone (orange area) around 74,200 – 74,400.
Bearish Scenario
The supply zone shows rejection wicks, suggesting sellers are defending this level.
If price fails to hold above 74,300, a pullback or deeper correction is likely.
Possible move:
Entry: ~74,250
Stop Loss: ~74,800 (above supply zone)
Target: ~71,000
This target aligns with:
Previous structure support
Potential liquidity area below the breakout
Key Levels
Resistance: 74,300 – 74,500
Intraday Support: 73,600
Major Target: 71,000
Trading Idea
This setup looks like a breakout → supply test → potential retracement pattern. If sellers maintain control inside the supply zone, we could see a sharp liquidity sweep toward the 71k region.
Price was moving inside a clear ascending channel, respecting higher highs and higher lows.
A strong bullish impulse broke above the channel resistance, indicating liquidity grab and momentum expansion.
Now price is trading inside a major supply / resistance zone (orange area) around 74,200 – 74,400.
Bearish Scenario
The supply zone shows rejection wicks, suggesting sellers are defending this level.
If price fails to hold above 74,300, a pullback or deeper correction is likely.
Possible move:
Entry: ~74,250
Stop Loss: ~74,800 (above supply zone)
Target: ~71,000
This target aligns with:
Previous structure support
Potential liquidity area below the breakout
Key Levels
Resistance: 74,300 – 74,500
Intraday Support: 73,600
Major Target: 71,000
Trading Idea
This setup looks like a breakout → supply test → potential retracement pattern. If sellers maintain control inside the supply zone, we could see a sharp liquidity sweep toward the 71k region.
Trade chiuso: stop raggiunto
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Join My Telegram Channel
t.me/goldoerfectsignals
t.me/goldoerfectsignals
t.me/goldoerfectsignals
t.me/goldoerfectsignals
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.